/biz/ - Business & Finance

>>23968036
thanks for your warning. just sold 100k.

>>23968036
Im sure all the central banks got on board with the tulip bubble as well... The only reason gold is worth what it is, is because people say it is. If it went by actual value/rarity, then platinum would be way more valuable. Bitcoin will ALWAYS have value because it can't be counterfeited or randomly minted/created (unlike tulips, beanie babies, and basically every other speculative bubble), and it has precedence of holding value. I do agree though, bitcoin isn't a payments solution, but there are already are good payment solutions in existence (that as I said, are already being implemented rapidly by central banks to provide infrastructure for their cbdc's)

>>23968178
Are you joking about gold. Gold literally has intrinsic physical value meanwhile bitcoin is artificial with no intrinsic value at all compared to gold.

>>23968222
>Gold literally has intrinsic physical value

Ugly yellow color. Soft and feeble. Expensive af, so I want to build circuit boards with other materials instead.

Good job providing evidence to support your claim.

>>23968222
Im saying gold's value is manipulated and just there because people say it is. Gold doesn't have nearly as many industrial uses as silver, and isn't even as shiny and rare as platinum. Why should it be worth more? Also, I'm not saying its wrong, I'm just saying gold is worth what it is, because humans have spent thousands of years regarding it as valuable, when its really just a shiny rock

>>23968036
Might be true, but it's still better than Jewish money printer go brrr and hand out to Ahmad and Tyrone

>>23968036
stay mad and poor, friend

>>23968036
you had 10 years, but those years are now gone.
sorry

>>23968036
Wow. Don't get lost in that salt mine

>>23968178
What’s more important - every moron with internet can verify the validity of your transactions. You can easily and safely prove to anyone that you have a million dollars.

Craig Wright is unironically Satoshi Nakamoto. Blockstream - owned by Bilderberg group - intentionally crippled BitCoin by refusing to raise the blocksize cap as was the original design, this caused the adoption and growth in BitCoin to stagnate and collapse due to the artificially high transaction fees imposed by tiny blocks. BitCoin would be at least $50,000 by now if it wasn't for Blockstream, they don't want BitCoin to challenge the central banking system which Craig has spoken out against multiple times.

The original BitCoin protocol lives on as Bitcoin SV (Satoshi's Vision). Craig's company nChain has been hard at work to eliminate the CPU bottleneck in the Bitcoin node software which was originally only single-threaded, rumour has it BSV miners are upgrading to Xeon Phi processors (64 cores) which the code is now being optimised for (thanks to the work by Steve Shadders). This is due to be finished by February 2020 for the Return to Genesis upgrade which will remove all limits in the BSV protocol code and lock down the protocol, with the software limitations removed BSV will be ready for unbounded scaling with the short term goal of sustained 1 Terabyte blocks and millions of transactions per second.

>>23968222
Real value of gold is roughly around 7% of the current value. Everything else is just people pretending it’s expensive.

>>23968036
the year is almost 2021 and faggots like you are STILL arguing about bitcoin being useless. lmfao yeah im mad too i didnt get free bitcoin in 2010

>>23968408
ya I agree, the fact that its an untamperable, public ledger also holds intrinsic value in itself, because that was a foreign concept for 99.999% of human history. We don't even really know what a world of open ledgers actually looks like, and there's no history to draw from, because banks/lenders have never worked like that before.

>>23968036
no use? i dunno perhaps when the usd collapses during bidens term and your USD fiat value becomes worthless you twill think... what if you transfered your USD to bitcoin? it would still have retained value and be ready to be transfered to americas next version of currency.

>>23968036
>move $1.65B instantly anywhere in the world for $3.04
NO INTRINSIC VALUE

>>23968036
Nice dissertation you wrote. I'm not selling though

>>23968540
The transition will most likely be pretty seamless (ie, banks just replace USD with an airdropped CBDC called USD), and I doubt most people will even notice they arent using "dollars" in the traditional sense anymore. But the people who have been noticing will be exponentially more wealthy.

>>23968222
Schiffposting.

>>23968036
Anon don't worry, this is the last bitcoin bubble.
True believers won't sell and are going to still hold it even when it falls out of top 10 eventually.

The only thing left for your shitcoins is to drop to your knees and pray anyone will ever give a shit about them

>>23968036
There is use but what use is it at $16,000 and going higher? How is anybody supposed to want to buy in when it costs as much as a good used car? I guess I shouldn't be wondering this cause it has been reasonable prices for years and I just got in late but really that also begs the question
>Who the fuck is going to be buying bitcoins when they're at 20k and 30k and 70k?
If normies are the ones we're supposed to be appealing to then we've lost them completely because only gigantic financial institutions will be able to buy bitcoins

>>23968036
is this bait? how long have you been seething about this? it's still not too late to buy in, you know

>>23968764
you know bitcoins are divisible right? We call the smallest unit of .00000001 BTC a 'sat'. In the future 1 sat = 1 usd. What!? are you telling me I can get 100k sats for $16 bucks right now!?!?!?!?!

>>23968036
>>23968222
I love the free market because it's the only way to really, actually crush people like you and break through the delusion

>>23968844
I'll think about it. I don't think I like it though

>>23968036
all markets are ponzi
/thread

>>23968478
gold is the oldest store of value in the history of man you little bitch.

>>23968036
kek you faggot just stfu and go all in now, its going 17k today and 400k in the next 5 years

>>23968178
>>23968298
>>23968525
>>23968595
>why yes i watched one 40 minute video on youtube that blew my mind and am now an expert on economics
>how could you tell?

>>23969144
>I can't see what's coming in the next 5 years or so
kek, imagine missing out on profiting from an industrial revolution while its happening

>>23968036
fiat has less intrinsic value than bitcoin

>>23969310
>missing out
Imagine thinking I don’t hold BTC.

>>23968036
Good luck carrying your gold bag across borders

>>23968036
> No intrinsic value

With the way (((they))) are continuing to print cash, the argument for Bitcoin and it's usecase grows stronger each day.
I was like you anon, but I got redpilled.

>>23968674
Checked and keked

im making money shut your mouth up

>>23968036
Bitcoin? Nah.
Blockchain? Yeh.

>>23968222
>>23968965
>>23969541
>>23968613

>>23968036
>no one wants to fucking buy this shit if the price stabilized.

Why would a stable bitcoin worth hundreds of thousands of dollars or even a few tens of thousands of dollars have any value?

why anon?

>>23968036
Cope frogposting newfag

>>23968036
bitcoin is a store of value as long as the next person also believes this bullshit
it will collapse one day, and it will be glorious

>>23968222
gold's "intrinsic value" comes from its rarity and chemical inertness. Bitcoin is also rare and obviously cannot degrade at all.
>b-b-but muh electronics and rolls royce engines!
That's not the main reason why gold is valued. Or do you also think that gold only became valuable within the last 1-2 centuries?

Imagine believing in a currency that is created by some guy in a basement. A currency amongst hundreds of other currencies created by hundreds of other guys in a basement. But you don't believe in the bank which has actual assets and is regulated by a government.
Oh don't give me the "when the the bank collapses". When the bank collapses your virtual currency disappears together with it.

>>23972434
Bait but sometimes banks and government regulations are what people get into bitcoin to avoid, see Argentinians

>>23968036
>Seriously its all shit and each of you fuckers knows it. The fees are way too fucking high to use and its literally not being used outside of speculation from degenerate gamblers. This is literally a fact. The only fucking use whatsoever is of people buying hoping to sell to a fucking higher price in dollars in the future. That is the definition of a tulip bubble. Except at some point that bubble bursts because no one wants to fucking buy this shit if the price stabilized. It’s literally all from degenerates hoping for big multiple gains. You can not refute this

congratulations retard, you just described stocks and gold. Go be low IQ somewhere else

post short

>>23968036
So is every fiat currency. We still do business in USD. Get on or get left behind faggot.

>>23968222
Yes but easily counterfeited, just look at what china went through a few months ago, more than likely the tip of the iceberg.

>>23968036
If you held through the tulip crash you eventually made a lot of money. The speculators were right about the future of tulip markets but too early.
If the price stabilized lending and market making yields would go down but I would still have higher yields through crypto than through banker middlemen and the alt markets would explode.

>>23972311
Tell us the reasons then.

>>23973360
I literally already did in that same post, you illiterate moron

Governments can still see literally everything when you cash out. You cannot escape their control unless you work through a decentralized exchange. 99 percent of crypto holders are just speculating to dump their bags on someone else and then cash out.

>>23973453
I don't mind needing to prove I'm not laundering money, what I mind is the vampiric middle men. There's no reason to cash out from a superior system to an inferior one. A tethered crypto dollar lent out gives 15% a year, a dollar in a bank gives close to 0% even though the bank is making 20%.

>>23968036
it's a scan bro